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🇺🇸⚠️ The 10Y-2Y yield curve just sat at 51 bps going into a Fed meeting.
US 10Y at 4.30%.
2Y at 3.79%.
That's a 51 bp spread — compressed ahead of FOMC Apr 29-30.
Markets price only ~26% odds of a December cut, down from two cuts at the start of the year.
Our Macro catalog tracks the full yield curve alongside crypto flow.
Curve tension this close to a meeting historically precedes volatility prints in risk assets.